Hi,
I have wage code question. So in the new wage code. How to calculate new CTC?
A CTC salary calculator would be helpful.
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There is no standard definition as CTC in new wage code.
a. Basic (50% of CTC)
b. HRA (5% to 50% of Basic)
c. Other Flexible Allowances
GROSS (a+b+c)
d. Employer PF
e. Employer ESIC
f. Gratuity
g. Other Benefits (Insurance Premium, Stat Bonus, etc.)
Total Benefits (d+e+f+g)
CTC is Gross + Benefits
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